This module allows you to analyze existing cross correlation between CryptoCarbon CryptoCarbon USD and Exmo NEM USD. You can compare the effects of market volatilities on CryptoCarbon CryptoCarbon and Exmo NEM and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in CryptoCarbon CryptoCarbon with a short position of Exmo NEM. See also your portfolio center. Please also check ongoing floating volatility patterns of CryptoCarbon CryptoCarbon and Exmo NEM.

Comparative Performance

Risk-Adjusted Performance

Over the last 30 days CryptoCarbon CryptoCarbon USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, CryptoCarbon CryptoCarbon is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Risk-Adjusted Performance

Over the last 30 days Exmo NEM USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Exmo NEM is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Corralation between CryptoCarbon CryptoCarbon and Exmo NEM

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CryptoCarbon CryptoCarbon USD and Exmo NEM USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo NEM USD and CryptoCarbon CryptoCarbon is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CryptoCarbon CryptoCarbon USD are associated (or correlated) with Exmo NEM. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo NEM USD has no effect on the direction of CryptoCarbon CryptoCarbon i.e. CryptoCarbon CryptoCarbon and Exmo NEM go up and down completely randomly.